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Iranian official: Gas transmission capacity more than output

Oil&Gas Materials 16 July 2012 17:55 (UTC +04:00)

Azerbaijan, Baku, Jul.16/ Trend F.Milad/

Iran has the capacity to transfer up to 750 million cubic meters of gas per day, while the country's gas output is around 650 million cubic meters, the managing director of the National Iranian Gas Company said.

Javad Owji told the IRNA News Agency that the gas output is projected to reach 1.32 trillion cubic meters per day by 2015.

Building over 65 gas pressure boost stations is on the agenda, Owji said, adding that some 9,000 kilometers of pipeline will be established by 2015.

Meanwhile, The National Iranian Oil Company's managing director Ahmad Qalebani has said that the country's daily oil and gas outputs should amount to five million barrels and 1.47 billion cubic meters by 2015.

Qalebani announced in November that 20 contracts will be signed by the end of the current (calendar) year to develop joint oilfields.

Oil minister Rostam Qasemi has ordered all the contractors of the South Pars gas field development projects to work round the clock in three shifts to complete development of all phases, especially the phases 12, 15, 16, 17 and 18.

Iran has attached the priority on boosting gas production capacity from its joint oilfields with Qatar and Saudi Arabia, Qasemi said.

Iran sits on the world's second largest natural gas reserves after Russia and is trying to grow its gas production by increasing foreign and domestic investments, especially in its South Pars gas field.

The South Pars gas field is shared by Iran and Qatar. The Iranian share, which is divided into 29 phases, has about 14 trillion cubic meters of gas, or about eight percent of the total world reserves, and more than 18 billion barrels of liquefied natural gas resources.

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